Wednesday, October 20, 2010

Price

Richard Nonelle, president of Window Genie, figured he should call around to make sure retailers had the right price for his window cleaner Window Genie. He thought $3.95 was about right and was shocked to find some stores had mismarked cans to $9.95 and feared they sold none. In fact, the opposite occurred: sold out! Price has to hurt a little - or a lot - and buyers will believe they are getting value.
More Management Wisdom

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